Passing The Florida CAM The First Time
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True, false & multiple choice questions for passing the Florida CAM test.
- 1.
- A.
Specific rights are granted to the owners.
- B.
A community association can be both residential and non residential
- C.
Real or personal property, owned by two or more entities, with a legally binding agreement for every member/homeowner to share responsibility and maintenance.
- D.
All of the above
- E.
None of they above
- 2.
- A.
Structured by formal legal documents defining property rights, rules, and restrictions. Provides for governance, business and communal aspects of administering, maintaining and enhancing property.
- B.
Provides for governance, business and communal aspects of administering, maintaining and enhancing property. Grants rights and or imposing liabilities on the association members. Referred to as a covenant in certain types of communities associations.
- C.
Neither A nor B.
- D.
Florida statutes provide requirements for different types types of community associations.
- E.
A, B,C
- 3.Certain types of Community Associations refer to their legal documents as covenants. Which of the following associations use Covenant to describe their legal documents.
- A.
A. Condominiums only
- B.
B. Mandatory Homeowners Association(HOA) and Cooperatives
- C.
C. Mandatory Homeowners Association and Condominiums
- D.
None of the above
- 4.What is the purpose of Association documents?
- A.
A. To include the Declaration or the Covenant which transfers responsibilities to the new owner.
- B.
B. To define the administration, maintenance and operation of the property.
- C.
C. Set the limits of what can be charged for units
- D.
Both A and B
- E.
Both B and C
- 5.?_________________Establishes entity responsible for management, maintenance and operation of Community Association.Establishes power and authority of Association.Effective April Jan 1977 entity must be a not for profit corporation.
- 6.The____________ establishes formal regulations for all of thye property and defines certain rights and imposes certain restrictions on the members and the association.It's also based in real estate law.
- 7.The Declaration also known as __________________________________ and it transfers responsibilities to the new owner.
- 8.Filing Of Documents for creation of condominium.Clerk of the count fee's filed by?
- A.
A. The Community Association Manager
- B.
B. The Ombudsman
- C.
C. The President Of The Association
- D.
D.The developer
- E.
The gardner
- 9.Filing Of Documents for creation of condominium.Which articles are filed with the Secretary Of State?
- A.
A. Articles Of Incorporation
- B.
B. Buy Laws.
- C.
C. Neither A nor B
- D.
D. Both and B
- 10.Within _______days after filing the Declaration with the Clerk Of The County Court(DBPR) with a fee of $_______per unit to be constructed. In the case of Condominiums.
- A.
30 days and $15 per unit.
- B.
70 days and $30 per unit
- C.
120 days and $15 per unit
- D.
120 days and $20 per unit
- 11.What does DBPR stand for?
- 12.Are HOA regulated by the DBPR
- A.
Yes
- B.
No
- 13.Filing Of Documents for creation of an HOA.Which articles are filed with the Secretary Of State?
- A.
A. Articles Of Incorporation
- B.
B. Bylaws
- C.
Neither A or B
- D.
Both A and B
- 14.Filing Of Documents for creation of an HOA. Clerk Of The Court in County ?
- A.
A. Bylaws
- B.
B. Covenant
- C.
C. Fees
- 15.
- A.
A.Public Offering Statement, Name and address of the timeshare plan, and of the developer and seller, if any.
- B.
B. Location & brief description of accommodations and facilities, if any located in Florida. Number of Timeshare interests and Timesahe periods to be offered. Term of timeshare plan.
- C.
C. Timeshare instrument relating to management and of accommodations and facilities, if any, located in Florida. Budget as required by statutes.
- D.
A only.
- E.
A, B, C
- 16.
- 17.The (DBPR) The department Of Business and Professional regulations requires that every mobile home park provide the following. A. The Mobile Home Park Must provide a __________with the division prior to entering into a lot rental agreement. B. A fee of $_______/lot, but not less than $___. C.The DBPR has ________days to notify the mobile park owner of any deficiencies in the __________.If the DBPR does not respond within that period, the park owner may assume the ____________ met with the DBPR approval.Answer to be entered as follows. answer-#-#-#-answer-answer. No decimals or dollars signs required.
- 18.Community Association Disclosures.A developer of a community association must provide to all prospective purchasers a ________________statement or prospectus.
- 19.New/Conversion Community Associations.Condominium or cooperative have a rescission period of_______calendar days.
- 20.If New/Conversion Community Associations is to be a phased development the or thr association is to manage more than one condominium,.
- A.
A. Description of the plan of phase development
- B.
B. arrangements for management
- C.
C. Budget for each phase.
- D.
A and B
- E.
A, B, C
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